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Need help with the blanks. Thank you. Exercise 5-03 Your answer is partially correct. Try again. On September 1, Nixa Office Supply had an inventory
Need help with the blanks. Thank you.
Exercise 5-03 Your answer is partially correct. Try again. On September 1, Nixa Office Supply had an inventory of 30 calculators at a cost of $18 each. The company uses a perpetual inventory system. During September, the following transactions occurred. Sept. 6 Purchased 90 calculators at $22 each from York Co Sept. 9 Paid freight of $90 on calculators purchased from York Co Sept. 10 Retuned 3 calculators to York Co. for $69 cash (including freight) because they did not meet specifications. Sept. 12 Sold 26 calculators costing $23 (including freight) for $31 each on account to Sura Book Store, terms n/30 Sept. 14 Granted credit of $31 to Sura Book Store for the return of one calculator that was not ordered Sept. 20 Sold 30 calculators costing $23 for $32 each on account to Davis Card Shop, terms n/30. Journalize the September transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)Step by Step Solution
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